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   Something has shifted around the AI trade. Can you feel it?
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                   Presented by
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                   Hey Snackers,
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                  <p style="margin:0;margin-bottom:16px">
                   What does it take to get to the Super Bowl? Either years of practice (if you’re a player) or, if you want to watch the game live, the
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     average ticket price
                    </strong>
                   </a>
                   <strong>
                   </strong>
                   is going to cost you a
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     few months’ rent
                    </strong>
                   </a>
                   . Of course, how many months’ rent varies widely by location. For example, it would cost a New Yorker less than two months’ rent, versus over a year of rent for residents of Enterprise, Nevada. To put the financial impact of the average person getting a Super Bowl ticket into perspective,
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     check out the Super Bowl Ticket Burden Index
                    </strong>
                   </a>
                   to see how much rent it would cost you to afford a ticket.
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                  <p style="margin:0;margin-bottom:16px">
                   🏈 For more coverage of the Super Bowl and other sports,
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     subscribe to Scoreboard
                    </strong>
                   </a>
                   .
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                  <p style="margin:0;margin-bottom:16px">
                   The S&amp;P 500, Nasdaq 100, and Russell 2000
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     all sank on Thursday
                    </strong>
                   </a>
                   . The benchmark index is now officially negative for the year and the VIX, Wall Street’s fear gauge, climbed above 20. Every sector fell except for defensive sectors utilities and consumer staples.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Bitcoin
                    </strong>
                   </a>
                   set
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     new cycle lows
                    </strong>
                   </a>
                   , and altcoins revisited
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     levels not seen in several years
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0">
                   🧠 Test yourself on recent Snacks stories with our
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Snacks Seven Quiz
                    </strong>
                   </a>
                   . Here’s the first question:
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                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li style="Margin:0 0 8px 0">
                    What is the average life expectancy for Americans?
                    <br/>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Check your answer
                     </strong>
                    </a>
                    .
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                     DEAD MONEY
                    </strong>
                   </span>
                  </span>
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                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    How the character of the AI trade has changed — for the worse — in 2026
                   </strong>
                  </a>
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                  <p style="margin:0;margin-bottom:16px">
                   Something has shifted around the AI trade.
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Can you feel it?
                    </strong>
                   </a>
                  </p>
                  <p style="margin:0">
                   All the bullish oxygen is being sucked out of the room and squarely into the memory chip shortage, which is offering bumper profits for
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     a handful of firms
                    </strong>
                   </a>
                   . On a related note,
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     semicap equipment stocks
                    </strong>
                   </a>
                   <strong>
                   </strong>
                   have been an upstream beneficiary of this dynamic. The underlying message is that near-term scarcity is being rewarded by the market.
                  </p>
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                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    That the big capex spenders will generate a high return on investment from their outlays is
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      not something traders are willing to take for granted
                     </strong>
                    </a>
                    . Big budgets are not necessarily getting applauded.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    The big “consumers” of memory chips are getting squeezed. This includes the hyperscalers, obviously, but even more so the likes of
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Qualcomm
                     </strong>
                    </a>
                    , which
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      has to wait behind these giants
                     </strong>
                    </a>
                    <strong>
                    </strong>
                    in line for supplies.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    For public markets, the theme is more of a net negative than a positive. Firms seen as the most likely to be disrupted by AI (basically,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      the entire software industry
                     </strong>
                    </a>
                    ) are getting
                    <strong>
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      indiscriminately clobbered
                     </strong>
                    </a>
                    , regardless of how good their quarterly results and guidance are.
                   </li>
                  </ul>
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                  <p style="margin:0">
                   And this isn’t really a 2026 dynamic, strictly speaking, but the two biggest chip companies have been dead money for months. Since the end of Q3,
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Nvidia
                    </strong>
                   </a>
                   and
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Broadcom
                    </strong>
                   </a>
                   are both negative, with the S&amp;P 500 up about 2% over this span.
                  </p>
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             </td>
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           </tbody>
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                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   THE TAKEAWAY
                  </span>
                 </h1>
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                  <p style="margin:0;margin-bottom:16px">
                   Perhaps the biggest driver of these trends is that in some of these zero-sum shifts in value, the companies that are benefiting? They ain’t public.
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     SpaceX/xAI
                    </strong>
                   </a>
                   ,
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     OpenAI
                    </strong>
                   </a>
                   , and
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Anthropic
                    </strong>
                   </a>
                   ? The facilitators of disruption, in many cases, have not yet arrived on public markets but plan to do so this year.
                  </p>
                  <p style="margin:0">
                   So if the AI theme has seemed a little “negative sum” in this year, that might be about the room that investment firms know they’re going to need in their portfolios to add these stocks once they’re able to (or, in some cases,
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     ahead of time
                    </strong>
                   </a>
                   ).
                  </p>
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                   See what's below
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                   The smart money sees deeper. While most traders react to price movements, savvy investors position themselves ahead of the curve by understanding what's building beneath the surface.
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                     Nasdaq TotalView
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                   reveals the complete open order book—every bid, every ask, at every price level—so you can spot momentum shifts before they happen.
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                   Professional traders have always used depth-of-book data to read market sentiment and time their entries. This professional-grade view is available through many brokerages (like Robinhood Financial, if you are a Robinhood Gold member).
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                   Discover
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                    Amazon slides as it misses on Q4 earnings, gives downbeat profit guidance
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                     Amazon
                    </strong>
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                   ’s
                   <strong>
                   </strong>
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                     shares slid after the company missed Wall Street’s expectations
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                   for fourth-quarter earnings, gave downbeat first-quarter profit guidance, and forecast a whopping $200 billion of capital expenditure this year.
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                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Sales grew 14% to $213.4 billion, ahead of analysts’ expectations of $211.43 billion.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Amazon’s AWS cloud business saw revenue jump 24% year on year to $35.6 billion, powered by huge demand for AI. Wall Street was expecting $34.9 billion.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    The guidance is rough: the tech giant also forecast first-quarter operating income of $16.5 billion to $21.5 billion, well below the Street’s consensus estimate of $22.18 billion.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    The company’s capital expenditure — a number that’s been
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      watched closely
                     </strong>
                    </a>
                    in recent quarters as tech giants spend vast sums of money to build the infrastructure to power AI — totaled $39.5 billion, topping analysts’ forecasts of $34.37 billion.
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-6" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                <td class="pad" style="padding-bottom:10px">
                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0;margin-bottom:16px">
                   Amazon continued a trend of Big Tech companies laying out plans for monster capital spending, saying it expects to invest about
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     $200 billion of capital expenditure in 2026
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0">
                   Two hundred billion dollars.
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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       <tbody>
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         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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                <td class="pad" style="padding-bottom:8px;padding-top:24px;text-align:center;width:100%">
                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   THE TAKEAWAY
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                <td class="pad" style="padding-bottom:10px">
                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0;margin-bottom:16px">
                   Like many tech companies,
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Amazon has a lot going on
                    </strong>
                   </a>
                   . The Trainium and Gravitron custom AI chips have a combined annual revenue of over $10 billion, it posted physical-store sales of $5.85 billion, advertising revenue was $21.37 billion, up 23% year on year, and subscription revenue (Amazon Prime, audiobooks, etc.) was up 14% year on year, at $13.1 billion for the quarter.
                  </p>
                  <p style="margin:0">
                   But again: $200 billion. That’s the kind of number a supervillain asks for when he’s captured James Bond. It’s more money than what’s in Russia’s sovereign wealth funds.
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     They’re going to need to spend it at an average of ~$550 million per day.
                    </strong>
                   </a>
                   <strong>
                   </strong>
                   Hope it’s worth it!
                  </p>
                 </div>
                </td>
               </tr>
              </table>
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                    <span style="word-break: break-word; line-height: 36px;">
                     <strong>
                      Read more
                     </strong>
                    </span>
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     THE BEST THING WE READ TODAY
                    </strong>
                   </span>
                  </span>
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                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    CFO Mandy Fields sees e.l.f. Beauty in growth mode
                   </strong>
                  </a>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                  <p style="margin:0">
                   In this exclusive interview,
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     e.l.f. Beauty
                    </strong>
                   </a>
                   CFO Mandy Fields discusses last year’s balmy, billion-dollar
                   <strong>
                    rhode
                   </strong>
                   acquisition, the company’s marketing engine and
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     high-profile collabs
                    </strong>
                   </a>
                   , and its
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     three key areas of growth
                    </strong>
                   </a>
                   for the future.
                  </p>
                 </div>
                </td>
               </tr>
              </table>
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                     <strong>
                      e.l.f.’s glow-up, charted
                     </strong>
                    </span>
                   </span>
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                  </a>
                 </div>
                </td>
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             </td>
            </tr>
           </tbody>
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         </td>
        </tr>
       </tbody>
      </table>
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       <tbody>
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          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
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                  <strong>
                   Snacks Shots
                  </strong>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
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                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     🏆 Super Bowl:
                    </strong>
                    The Seattle Seahawks are solid favorites going into the Super Bowl, with
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      a 68% chance* of winning
                     </strong>
                    </a>
                    compared to a 32% chance for the AFC’s New England Patriots.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     🎵 Halftime Show:
                    </strong>
                    Bad Bunny’s halftime show promises to be good just days after the artist racked up the wins at the Grammy Awards. Markets think
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      there’s a 55% chance
                     </strong>
                    </a>
                    he opens with the hit “Tití Me Preguntó.”
                   </li>
                   <li style="Margin:0 0 8px 0">
                    🏈
                    <strong>
                     Game Time:
                    </strong>
                    Markets are pricing in
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      a 42% chance
                     </strong>
                    </a>
                    of at least six touchdowns,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      a 9% chance
                     </strong>
                    </a>
                    of overtime,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      a 24% chance
                     </strong>
                    </a>
                    of a close game decided by 3 or fewer points,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      a 26% chance
                     </strong>
                    </a>
                    of a touchdown in the first five minutes, and
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      an 18% chance
                     </strong>
                    </a>
                    of a comeback win by 10 or more points.
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="10" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                <td class="pad">
                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p aria-setsize="-1" id="message-list_1761932419.092419" role="listitem" style="margin:0;margin-bottom:16px" tabindex="0">
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   *Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.
                  </p>
                  <p aria-label="Start of unread messages." aria-roledescription="separator" aria-setsize="-1" id="message-list_unreadDivider" role="listitem" style="margin:0" tabindex="-1">
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                </td>
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              </table>
             </td>
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           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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                     <span style="word-break: break-word;">
                     </span>
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                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   What else we're Snackin'
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Wicked:
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Google
                     </strong>
                    </a>
                    ’s Waymo is expanding to
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Boston and Sacramento
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Nvidia
                     </strong>
                    </a>
                    <strong>
                    </strong>
                    reportedly won’t release a new gaming graphics chip this year,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      a first
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Battle of the AI bots: Google’s Gemini is
                    <strong>
                     <a style="text-decoration: underline; color: #5869ff;">
                      gaining
                     </a>
                    </strong>
                    on ChatGPT,
                    <strong>
                     OpenAI
                    </strong>
                    released
                    <strong>
                     <a style="text-decoration: underline; color: #5869ff;">
                      GPT-5.3-Codex
                     </a>
                    </strong>
                    , and
                    <strong>
                     Anthropic
                    </strong>
                    unleashed a model that’s
                    <strong>
                     <a style="text-decoration: underline; color: #5869ff;">
                      good at finance
                     </a>
                    </strong>
                   </li>
                   <li style="Margin:0 0 8px 0">
                    Weight-loss war:
                    <strong>
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Hims
                     </strong>
                    </a>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      &amp; Hers
                     </strong>
                    </a>
                    says it will offer copies of its Wegovy pill at $49 a month, while
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Novo Nordisk
                     </strong>
                    </a>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      threatens legal action
                     </strong>
                    </a>
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-13" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-bottom:5px;padding-left:25px;padding-right:25px;padding-top:5px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:25px;padding-top:25px">
                 <div align="center" class="alignment">
                  <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                   <tr>
                    <td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
                     <span style="word-break: break-word;">
                     </span>
                    </td>
                   </tr>
                  </table>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-14" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto;background-color:#5869ff;border-bottom:30px solid #fff;border-left:30px solid #fff;border-radius:10px;border-right:30px solid #fff;border-top:30px solid #fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;border-bottom:4px solid #5869ff;border-left:4px solid #5869ff;border-right:4px solid #5869ff;border-top:4px solid #5869ff;padding-bottom:15px;padding-left:25px;padding-right:25px;padding-top:15px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="text-align:center;width:100%">
                 <h1 style="margin:0;color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:center;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   Snack Fact of the Day
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                <td class="pad" style="padding-bottom:10px;padding-left:40px;padding-right:40px;padding-top:10px">
                 <div style="color:#000;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:center;mso-line-height-alt:22px">
                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #ffffff;">
                    <strong>
                     Google has $240 billion in “remaining performance obligations.”
                    </strong>
                   </a>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-15" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:25px;padding-top:25px">
                 <div align="center" class="alignment">
                  <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                   <tr>
                    <td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
                     <span style="word-break: break-word;">
                     </span>
                    </td>
                   </tr>
                  </table>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="text-align:center;width:100%">
                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   FRIDAY
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-16" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:5px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li style="Margin:0 0 8px 0">
                    Earnings expected from
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Canopy Growth
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Centene
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Philip Morris
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Biogen
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Cboe
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Under Armour
                     </strong>
                    </a>
                    , and
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Toyota
                     </strong>
                    </a>
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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